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Question
Choose the correct alternative:
A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. His total income on the sale of ₹ 2,00,000 is ______.
Options
₹ 6,000
₹ 7,550
₹ 7,500
₹ 1,500
Solution
A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. His total income on the sale of ₹ 2,00,000 is ₹ 7,500.
Explanation -
Salesman earns 3% commission on the sales upto ₹ 50,000 and 4% commission on the sales over ₹ 50,000.
His total sales is ₹ 2,00,000.
Commission on sales upto ₹ 50,000
`= 50,000 xx 3/100`
= ₹ 1,500
Commission on sales over ₹ 50,000
`= (2,00,000 - 50,000) xx 4/100`
`= 1,50,000 xx 4/100`
= ₹ 6,000
Total commission = 1,500 + 6,000 = ₹ 7,500
Total income on the sale of ₹ 2,00,000 is ₹ 7,500.
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